Which of the below constitutes the essential element of contract of sale?

(a)

Two parties

(b)

Transfer of property

(c)

Price

(d)

All of the above

In case of the sale, the ______ has the right to sell.

(a)

Buyer

(b)

Seller

(c)

Hirer

(d)

Consignee

Specific goods denote goods identified upon the time of___________ of sale.

(a)

Agreement

(b)

Contract

(c)

Order

(d)

Obligation

____ is a stipulation which is collateral to main purpose of contract.

(a)

Warranty

(b)

Condition

(c)

Right

(d)

Agreement

The unpaid seller can exercise his right of stoppage of goods in transit where the buyer.

(a)

Becomes insolvent

(b)

Refuses to pay price

(c)

Payment of price

(d)

Both (b) and (c)